Quadrise Share Discussion Threads

[scburbs] 29/10/2014 10:14

Another random unused plot of land which may be closer to fruition (albeit still a good few years away is Silvertown).

The Mayor has engaged Quintain (as joint landowner with the GLA) to prepare a master plan for the area as a result of the proposed construction of the Silvertown tunnel.



Currently earliest operational date for Silvertown tunnel is 2021 with work starting in 2017.

[quepassa] 29/10/2014 09:06

Interesting.

Often overlooked that Quintain still retain an important site in Birmingham when they frequently talk of themselves as a London-centric operator.

Quintain's City Park Gate, Birmigham. An 11.5acre long-leasehold site near the Bullring, Birmingham.

This site is impacted by HS2 plans.

Potentially this may or may not be some very valuable land as it is now adjacent to plans for a proposed HS2 train station at Curzon Street, Birmingham for the London-Birmingham HS2 project, Phase 1.

Cannot find the current value of this site in the QED Annual Report ( maybe it's there and I missed it). Extensive planning permission was consented for the site in 2008.

Question is if this site will be outright compulsorily purchased or whether QED can retain "over site development rights", as Quintain are currently lobbying for.

The following recent 20/10/14 article in CoStar refers.




Clearly CrossRail and the King's Cross Eurostar development have had significant beneficial impacts on local property and land prices.



ALL IMO. DYOR.
QP

[scburbs] 20/10/2014 11:15

Certainly looking very attractive at these levels. True discount is higher than 32% as there is almost certain to be decent NAV growth in the results to 30 September, due next month.

With gearing currently at relatively low levels QED's business also offers significant downside protection.

[quepassa] 20/10/2014 10:57

Quintain now at a 32% discount-to-Nav.

78p bid versus basic NAV of 115p.

The share peaked at a 52 week high towards the start of the year at 108p being a discount to NAV of just 6%.

Having widened from a discount of 6% to 32% in such a short space of time is an extreme movement in my view. This will not go unnoticed in the market-place for long in my view.

ALL IMO. DYOR.
QP

[r ball] 18/10/2014 17:02

rebalanced company. gearing lowered. focused on wembly, looking at London office as post wembly offering. share price down. I suppose director going back to bkg an annoyance.

[farmsted] 17/10/2014 16:18

Time the Directors pulled thee finger out and start buying otherwise this will keep falling

[alan@bj] 14/10/2014 14:37

Not sure about that. I've got holdings that have dropped recently even though the Directors have bought shares.

[911man] 14/10/2014 10:09

I think Mr Market thinks that the director sale and then the FD jumping ship shows a lack of faith in the company. This may feed on itself until clarity from the Directors is given with the next results. Personally, I find it all very strange, unless there is something wrong with he LDO.

[davidosh] 09/10/2014 17:22

I think every hour of every day goes into www.mello2014.com and trying to bring investors and fund managers and companies together.

[911man] 09/10/2014 17:00

Strange that Davidosh has gone quiet... maybe jumped ship after meeting the Company?

:-(

[bjsnt] 08/10/2014 09:25

Hopefully the new FD will introduce a dividend....

[richard xii] 07/10/2014 15:39

Good post QuePassa.It does look as if the best way out is via an acquisition and Berkeley is probably the most likely buyer. Mr James still has a while before Stearn returns there and show he can deliver value to Quintain's owners but maybe not enough time.

[quepassa] 07/10/2014 10:45

Pretty poor show all round in my view.

Stearn didn't even last 3 years before resigning. He joined in January 2012. Perhaps not such an inspiring hire after all in my view, given the relatively short time he stayed there.

He certainly got a nice bonus this year as well. After pocketing - what was it?- nigh on a £three-quarters or a £million if memory serves correctly, one might perhaps have expected a little more longevity and loyalty to Quintain and to shareholders.

Funny thing is that he originally left Berkeley Group as Financial Controller to join Quintain. Now goes back there to be FD. -Funny old world .

I suppose he managed to cut his teeth elsewhere as an FD though and go back to Berkeley with some additional experience.

Wouldn't it be marvellous if Berkeley soon launched a bid for Quintain. They could flog the LDO and have a nice London land-bank for little money in a quickly improving area, given the vast discount to NAV at which QED trades.

ALL IMO. DYOR.
QP

[quepassa] 07/10/2014 07:53

Re Stearn's departure, The Telegraph comments:-



ALL IMO. DYOR.
QP

[quepassa] 02/10/2014 07:22

Yesterday 1st. October.

JPM Caz issue a broker note on Quintain and REITERATE their OVERWEIGHT recommendation.

JPM's May Price Target of 130p is unchanged.

ALL IMO. DYOR.
QP

[jaws6] 24/9/2014 07:47

David
Hi
Any news or feedback from co if you can say here ?
Thanks

[jaws6] 22/9/2014 12:37

dt
Thanks for all chrts.
David
last chart tell us all we need to say all other are doing better then QED in share price with no reward for shareholders.
I hope qed board can see and explain this ?
G luck with meeting.

[demo trader] 22/9/2014 12:32

DON'T KNOW WHY QED come up at 40p in above post/chart.

Have a look at these.


free stock charts from uk.advfn.com



free stock charts from uk.advfn.com



free stock charts from uk.advfn.com

[911man] 22/9/2014 12:20

The galling thing with PCA is that the reason for their outperformance is the assets they acquired from QED. The same thing happened at SEGRO. Sometimes, these guys make decisions based on focus groups and fund manager ideas. 9 times out of 10 , money in property is made by chasing new ideas and going against the flow of fund managers who have a propensity for losing money.

[jaws6] 22/9/2014 12:16

dt
Thank you for quick chart price.

David
Hope some of them is good for info to give then food for thought,
like QP said if they can not manange do right thing for PI better to sell out. I agree with him in post 6608 and 6616 regarding this.
David please do let me know in advance in next meeting with them, I would have been better prepare for them .
one thing I do not understand why no fund manager speaks out here regarding this matter.
I know last time Mark got support at PMO in same situtation .
You got my full support and I hope you get some answers for us .
Thanks for your time and effforts .

[jaws6] 22/9/2014 12:05

qp
please remind me what property co we can compare with QED for chart then we might ask some one to do quick work for David to take with him.

[jaws6] 22/9/2014 12:01

most charting tool is there in index if want more info

hxxp://www.bpf.org.uk/en/reita/performance/property_investment_indices.php

[jaws6] 22/9/2014 11:58

david
can not get in link but please ask them why they can not beat small co like PCA or SMP.
if you try here you will see QED is last in table
you can change co name there to get some info VS other co

hxxp://www.bpf.org.uk/en/reita/performance/uk_reits_and_property_companies_charting_tool.php

[quepassa] 22/9/2014 11:55

Please ask The Rem Committe to discuss at Board level if it would be in the best interests of shareholders to put Quintain up for sale as the current strategy doesn't seem to be working for shareholders. And has seen a reduction in NAV and total lack of shreholder dividend return, despite one of the greatest London property booms on recent record.

ALL IMO. DYOR.
QP